Complete the following statement using the dropdown menus provided below: The entry to record depreciation expense is as follows: Dr. Depreciation Expense Cr. Accumulated Depreciation Accumulated Depreciation, being a(n) Contra Expense will _________ with a credit. As Accumulated Depreciation is____________Equipment, this means that an increase to the Accumulated Depreciation account will result in a(n) ____________ to the net book value of Equipment and to total assets as a whole.
